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In a Partnership of A, B , and C, a Commits

question 47

True/False

In a partnership of A, B , and C, A commits fraud which creates a liability to the partnership of $9,000.If the three partners share profits and losses equally, A 's liability to the partnership for his fraudulent act is $3,000.

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Definitions:

Properly Authorized

Officially or formally approved or sanctioned, according to the relevant laws or standards.

Control Orders

Legal measures imposed by governments to restrict the freedom of individuals for security reasons, often without a prior trial.

Terrorist Attacks

Acts of violence or intimidation, usually motivated by political, religious, or ideological beliefs, aimed at creating fear, disrupting societies, and achieving specific goals.

Freedom Of Movement

The right to travel freely within and between countries, often regarded as a basic human right under international law.

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